President Muhammadu Buhari has vowed to ensure that all those involved in the arms procurement graft that led to the death of Nigerians are duly prosecuted and jailed according to the laws of the land.
President Buhari said, “That is why those who stole monies meant for arms procurement and shared it among themselves are being arrested and are being shown documents so that they would be asked to refund the money or face prosecution; we would use those documents to prove what they stole, collect all the assets acquired from the proceeds and then jail them.”
Still on his interview with the BBC Hausa Service, he explained that the Customs, Ports and direct taxes on goods and services can fund the N6.08trn budget besides his determination to block leakages in how oil revenue is managed.
“We have also shown the changes we have made in the Customs; for instance, how much we are making from the Customs service; how much from petroleum, that is NNPC; how much we are making from the ports. There have been lots of leakages in these sectors. If we block these leakages, we would make much more money to run the country despite the fall in the price of oil.
“Finally, by enforcing strict compliance with the Fiscal Responsibility Act 2007 and public expenditure reforms in all MDAs, we have projected up to N1.51 trillion from independent revenues.”
